Current price: 51370
Key point: 51090
Our preferred strategy: Sell positions below 51090 with a first target of 51665 and then a second target of 51845.
Alternative scenario: Stop loss and trend reversal upon breaking the 51000 level, targeting levels of 50790.
Technical commentary
The price managed to rise from the pivotal support level of 51090 on the four-hour timeframe. If the Dow Jones Industrial Average breaks through the pivotal resistance level of 51445, the price will then head towards the levels of 51665 and then the levels of 51845.
